Status : Published Published On : Dec, 2023 Report Code : VRHC1281 Industry : Healthcare Available Format : Page : 220

Global Healthcare IT Market – Analysis and Forecast (2025-2030)

Industry Insights by Product (Healthcare Provider Solutions, Healthcare Payer Solutions, and Healthcare IT Outsourcing Services), by Delivery Mode (Web & Cloud-Based and On-Premise), by Component (Services, Software, and Hardware), by End User (Healthcare Providers and Healthcare Payers), and by Geography (U.S., Canada, Germany, U.K., France, China, Japan, India, and Rest of the World)

Industry Overview

The global healthcare IT market size is expected to grow from USD 400.6 billion in 2023 to USD 1000.43 billion by 2030, thereby registering a CAGR of 20.1% during the forecast period. Healthcare Information Technology (IT) encompasses the application of technological solutions within the healthcare sector to transmit, manage, and store patient information electronically. These include Electronic Health Records (EHRs), clinical decision support system, health monitoring devices, telemedicine, medical billing and coding software, and data analytics applications. Thus, with the use of these devices, Healthcare IT emphasizes efficacy and effectiveness of healthcare delivery, minimizing medical errors, and improving patient outcomes. The primary growth drivers for the global healthcare IT industry includes increased use of digital health technologies in healthcare IT, surge in government initiatives, and rising adoption of technological development.

Market Segmentation

Insight by Product

Based on Product, the global Healthcare IT market is categorized into Healthcare Provider Solutions, Healthcare Payer Solutions, and Healthcare IT Outsourcing Services.

The Healthcare Provider Solutions is sub-divided into Clinical Healthcare IT Solutions and Non-Clinical Healthcare IT Solutions.  The Clinical Healthcare IT Solutions is further divided into Electronic Health Record (EHR),PACS & VNA, Computerized Physician Order Entry, Clinical Decision Support System (CDSS), E-Prescribing System, Patient Engagement Solutions, Radiology Information Systems (RIS), HCIT Integration Systems, Radiation Dose Management Solutions, Telemedicine, Specialty Information Management Systems, Medical Image Analysis Systems, Practice Management Systems, Population Health Management Solutions, Care Management Systems, Patient Registry Software, Laboratory Information Systems, mheath Solutions, and Infection Surveillance Solutions. The Non-Clinical Healthcare IT Solutions is further divided into Pharmacy Information Systems, Healthcare Asset Management Solutions, Healthcare Workforce Management Solutions, Revenue Cycle Management Solutions (Front-End RCM Solutions, Mid-RCM Solutions, and Back-End RCM), Medical Document Management Solutions, Healthcare Information Exchanges, Supply Chain Management Solutions, Healthcare Analytics (Clinical Analytics, Financial Analytics, and Operational and Administrative Analytics), and Customer Relationship Management Solutions (Medication Management Solutions (Barcode Medication Administration Systems, Electronic Medication Administration Software, Medication Assurance Systems, and Medication Inventory Management Systems), Healthcare Interoperability Solutions, Healthcare Quality Management Solutions, and Financial Management Systems (Billing & Accounting)).

The Healthcare Payer Solutions is further divided into Claims Management Solutions, Customer Relationship Management Solutions, Fraud Analytics Solutions, Provider Network Management Solutions, Pharmacy Audit and Analysis Solutions, Member Eligibility Management Solutions, payment Management Solutions, and Population Health Management Solutions.

The Healthcare IT Outsourcing Services is further divided into Provider HCIT Outsourcing Services (Revenue Cycle Management Services, EMR/Medical Document Management Services, Laboratory Information Management Services, and Other Provider HCIT Outsourcing Services), Payer HCIT Outsourcing Services  (Claims Management Services, Provider Network Management Services, Billing & Accounts Management Services,  Fraud Analytics Services, and Other Payer HCIT Outsourcing Services), Operational HCIT Outsourcing Services (Business Process Management Services, Supply Chain Management Services, and Others), and IT Infrastructure Management Services.

Healthcare Provider Solutions is predicted to contribute the largest share during the forecast period owing to increased emphasis of patient safety and care, rising government regulations to adopt eHealth solutions, mounting investment to develop healthcare infrastructure in developing nations, and increasing awareness regarding electronic health records (EHRs).

Additionally, telemedicine solutions enable healthcare providers to remotely diagnose and treat patients using video conferencing and other technologies. This solution proves particularly advantageous in rural areas or during pandemics when physical access to healthcare is limited.

Insight by Delivery Mode

Based on Delivery Mode, the Global Healthcare IT market is bifurcated into Web & Cloud-Based and On-Premise. The web and cloud-based segment is expected to grow at a faster pace during the forecast period owing to advantages associated with IT in healthcare which includes scalability, flexibility, reduced upfront cost, minimum maintenance cost, and secured private clouds. The incorporation of cloud-based solutions provides scalable and cost-effective data storage, data sharing, and application access from any location with internet connectivity, hence increasing market growth. Thus, enabling healthcare organizations to adjust the resources according to the requirements and patient volume.

Insight by Component

Based on Component, the Global Healthcare IT market is segmented into Services, Software, and Hardware. The services segment is expected to have a high CAGR during the forecast period owing to shift towards cloud-based services, rising need to curb healthcare costs, increased implementation of digital solutions in healthcare sector, and need to improve productivity of healthcare operations.

Insight on End User

Based on End-User, the Global Healthcare IT market is bifurcated into Healthcare Providers and Healthcare Payers. Healthcare Providers is sub divided into Hospitals, Ambulatory Centers, Home Healthcare, Nursing Homes & Assisted Living Centers, Diagnostic and Imaging Centers, and Pharmacies. Healthcare Payers is further divided into Private Payers and Public Payers.

Healthcare providers use digital technologies for better patient care and operational efficiency. Healthcare IT solutions also provide many benefits to healthcare providers, which include electronic health records (EHR) systems, clinical decision support systems, and patient management software. These tools facilitate data sharing, effective patient management, and evidence-based decision-making, which improves patient outcomes and streamlines workflows, thereby contributing to the largest market share.  

Global Healthcare IT Market Report Coverage

Report Metric


Historical Period


Base Year Considered


Forecast Period

2025 - 2030

Market Size in 2022

$400.6 Billion

Revenue Forecast in 2030

$1000.43 Billion

Growth Rate

CAGR 20.1%

Segments Covered in the Report

By Product, By Delivery Mode, By Component, and By End User

Report Scope

Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling

Regions Covered in the Report

North America, Europe, Asia-Pacific, Middle East, and Rest of the World

Industry Dynamics

Growth Drivers

Factors attributing to the market growth of the global Healthcare IT Industry include increased market demand for preventive care solutions, rising trend towards digitalization, mounting need to manage and analyze large volume of medical data along with increased prominence of government directives and financial incentives to adopt HCIT solutions will proliferate the market expansion of the global Healthcare IT industry. Moreover, rising prominence of chronic diseases to the geriatric population, rising concern to minimize healthcare cost, upsurge in demand for remote patient monitoring for improved out-of-hospital care, rising penetration of smartphones will contribute to the adoption of healthcare IT solutions.

In addition, the emergence of wearable health devices, for instance fitness trackers and smartwatches, provides continuous monitoring of vital signs and health indicators, encouraging individuals to take control of their health and pushing market growth. Thus, the application of machine learning and artificial intelligence algorithms to diagnose disease, drug discovery, and customize treatment plans will result in more accurate and efficient healthcare measures, which propels the market expansion.


The high installation and maintenance cost associated with the implementation of healthcare IT solutions, concerns regarding the privacy and security of data, and the challenges posed by the complexity of integrating healthcare IT systems with the existing healthcare infrastructure, thereby stymie the market expansion of the global healthcare IT industry.


Medical professionals are recognizing the significance of information technology solutions in improving patient care, simplifying processes and increasing efficiency, thereby creating market opportunities for the development of IT in healthcare sector. Countries such as China and India present favorable prospects for market participants in Healthcare IT due to robust economic expansion in the area. This can be attributed to increasing governmental and economic efforts aimed at automating and digitizing various tasks within healthcare organizations, encompassing pharmacies, hospitals, nursing homes, and other healthcare-related entities.

Geographic Overview

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Rest of the World (RoW)

North America dominates a Healthcare IT market owing to increased adoption of digital health technologies, developed healthcare infrastructure to integrate IT solutions, and technological development to improve patient care and efficacy in operational cost. In addition, favorable government regulations to encourage the use of EHRs and other IT solutions along with increased prominence of remote patient monitoring, telehealth services, and data analytics for personalized care will drive market share of global healthcare IT industry in the region.

Competitive Insight

Key competitors are implementing several approaches to fortify their position and keep a competitive advantage.  They place a strong emphasis on research and development (R&D) to continually innovate and are investing in advanced technologies such as artificial intelligence (AI), blockchain, and the Internet of Things (IoT) to provide comprehensive and sophisticated IT solutions to healthcare providers. Nevertheless, companies are organizing webinars, seminars, and whitepapers to demonstrate their expertise and industry insights, thereby educating healthcare professionals about the latest trends, best practices, and the benefits of their solutions, thus, bolstering the market expansion of Healthcare IT Industry.

Siemens are brining breakthrough innovations in market as they are focusing on delivering high-quality care and providing best possible outcome for patients. Their portfolio, ranging from in-vitro and in-vivo diagnostics to image-guided therapy and cancer care, is essential for clinical decision-making and treatment approaches, . They are well positioned to take on the most difficult challenges in healthcare, owing to their expertise in patient twinning, precision therapy, digital, data, and artificial intelligence (AI). In Dec 2023, Siemens Healthineers stated that the Somatom Pro.Pulse, a dual-source computed tomography scanner designed to be more economical for a wide range of healthcare facilities, including outpatient diagnostic centers, has received FDA clearance. To achieve operational efficiencies, the scanner combines the power and speed of dual-source CT technology—two X-ray tubes and two detectors—with embedded artificial intelligence and user help features.

GE HealthCare is one of the prominent leader in medical technology, pharmaceutical diagnostics, and digital solutions, dedicated to providing integrated solutions, services, and data analytics to improve hospital efficiency, clinician effectiveness, therapy precision, and patient health and happiness. Their Digital Solutions application uses technology such as preventative, predictive, and prescriptive analytics to generate actionable information and includes :

  • OnWatchTM - Proactively reduce downtime remotely with 24/7 monitoring.
  • TubeWatch – Predict Disruptions Remotely.
  • Encompass – Care More.

Recent Development by Key Players

In Dec 2023, Athenahealth, the leading provider of network-enabled software and services for medical organizations and health systems, has launched several new traditional and generative AI-driven features for use in its products. These features, which are offered by athenaOne® (athenahealth's integrated, cloud-based suite of patient engagement, revenue cycle management, and electronic health record (EHR) solutions) allow enterprises to maximize revenue, minimize administrative costs, and provide excellent patient care.

In November 2023, GE HealthCare obtained 510(k) clearance from the US Food and Drug Administration for the updated version of Digital Expert Access with remote scanning, making it the first remote patient scan solution to receive 510(k) clearance. Digital Expert Access allows for the exchange of information, best practices, and in-the-moment assistance, as well as real-time remote console control.

Key Players Covered in the Report

Some of the major players operating in the Healthcare IT Industry include Veradigm LLC ( Formerly called Allscripts), McKesson, Athenahealth, GE HealthCare, Koninklijke Philips N.V., Siemens Healthcare Limited, Oracle, Optum, Inc., 3M, and Inovalon.

Healthcare IT Market Size and Market Analysis

Source: Vynz Research

Frequently Asked Questions

The global healthcare IT market size is expected to grow from USD 400.6 billion in 2023 to USD 1000.43 billion by 2030, thereby registering a CAGR of 20.1% during the forecast period
The segments covered in the report include Product, Delivery Mode, Component, End-User, and Region.
The key driver for the market growth of Healthcare IT Industry is increased prominence of digital technologies in the healthcare sector, rising demand for effective and cost-efficient solutions by automating administrative tasks, improving communication between healthcare providers and patients, and minimizing medical errors.
North America dominates a Healthcare IT market owing to increased adoption of digital health technologies, developed healthcare infrastructure to integrate IT solutions, and technological development to improve patient care and efficacy in operational cost.
Some of the major players in the global Healthcare IT industry include Veradigm LLC ( Formerly called Allscripts), McKesson, Athenahealth, GE HealthCare, Koninklijke Philips N.V., Siemens Healthcare Limited, Oracle, Optum, Inc., 3M, and Inovalon.

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Research Methodology

  •  Desk Research / Pilot Interviews
  •  Build Market Size Model
  •  Research and Analysis
  •  Final Deliverabvle